Here is a cute little bike that's perfect for riding around campus or making runs into Palo Alto. I bought this bike for my wife (who is 4'11") and it was just a wee bit too tall for her, otherwise it's a great bike!

It comes with a basket, and has adorable decals if that's your style. There's also a mount on the back which makes it perfect for hauling things around if you choose to. You could easily attach a basket or crate.

I have a couple other bikes here on campus, and when I need to go shopping, this is my vehicle of choice.